Bitcoin Blood in the Streets | Be GREEDY!

Bitcoin is crashing, altcoins are crashing, the world is collapsing, everybody panic! Blood is in the streets for Bitcoin and this is the time to open up your wallets to buy Bitcoin and other cryptocurrencies. Almost like a small gift before Christmas…

SteemIt Post (Higher Chance of Response and Can See My Answers to Comments): https://steemit.com/bitcoin/@cryptovestor/bitcoin-blood-in-the-streets-or-be-greedy

Moments like these test your ability to be emotionless as you lose money rapidly and watch your paper gains evaporate. There is no other way to feel those emotions aside from extreme scenarios like these as test trading or theoretical questions rarely reveal the truth of how you will actually respond. If you feel fear, or frustration, or anger, or depression when price collapses like this, try and shift that feeling to excitement (contained of course, logical only). If you can’t, then either your position size is too large or you should slow the frequency at which you check Bitcoin’s price.

Unfortunately, this particular correction bounced back up prior to my limit order executing. This is another test in emotions because this will happen to you countless times and it is very easy to FOMO with price. I’ve found that it is generally better to remain adamant and miss an opportunity rather than to FOMO and have price sink back below your limit and have regret over not sticking to your guns. We’ll see if another opportunity arises for my limit to fill.

Bitcoin dominance has begun creeping up just a little bit, although it’s still relatively flat overall since my last video (given it’s only been a few hours). I will continue to monitor this closely as we potentially see increased volatility over the weekend.

What are your thoughts about this recent panic selling? Do you see Bitcoin going lower or was this the correction it needed before it starts rising again? I tend to think there is more blood to come, but I’ve been like that for a while so take what I say with a grain of salt! Thanks for watching / reading.

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If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently.
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My Recommended Hardware Wallets:

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline):

Ledger Nano S: http://amzn.to/2hZPj0q
Trezor: http://amzn.to/2AxD9TN
Ledger Blue (expensive): http://amzn.to/2hk7xst

I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
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My Favorite Book for Investing in Crypto:

Cryptoassets: http://amzn.to/2zKDdCF

This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest.

It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
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My Recommended Exchanges: Coinbase / GDAX / Bittrex

https://www.coinbase.com/join/5a08b12e305a1401d79d10e0

If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
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Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.

None of what I provide in my videos is investment advice. Please do your own due diligence.
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My Platforms:

Twitter: https://twitter.com/Truth_Investor
SteemIt: https://steemit.com/@cryptovestor
Medium: https://medium.com/@Truth_Investor
Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles

Bitcoin Blood in the Streets | Be GREEDY!

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Kane Dane